Japan will stop yen decline beyond USD/JPY 145, most economists say: Reuters poll

Singapore News News

Japan will stop yen decline beyond USD/JPY 145, most economists say: Reuters poll
Singapore Latest News,Singapore Headlines
  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 66%

TOKYO : Japan's government and central bank will act to stop the yen's decline if it depreciates to the 145 per U.S. dollar level, more than half of economists polled by Reuters said.Market participants closely watch how the government and the Bank of Japan (BOJ) respond to currency moves, following their

TOKYO : Japan's government and central bank will act to stop the yen's decline if it depreciates to the 145 per U.S. dollar level, more than half of economists polled by Reuters said.

Fifteen of 28 economists said the government and the BOJ will take steps such as issuing a warning or intervening into the currency market once the yen weakens beyond 145 per greenback, the June 8-13 poll found. Another 12 said 150 yen is the trigger. In a separate question on the weak yen's impact on BOJ policy, nine economists said the central bank's decisions could be swayed by a yen depreciation beyond 145 per dollar. Ten said 150 is the threshold, three opted for 155 and two chose 160 or further.

In the poll, all but one - JP Morgan - out of 28 economists corroborated the view, citing an improved bond market functionality and Governor Kazuo Ueda's accommodative remarks so far.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

ChannelNewsAsia /  🏆 6. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China central bank seen cutting medium-term policy rate: Reuters pollChina central bank seen cutting medium-term policy rate: Reuters pollSHANGHAI/SINGAPORE : China's central bank is widely expected to cut the borrowing cost of medium-term policy loans for the first time in 10 months on Thursday, after it lowered two key short-term policy rates, a Reuters poll showed.The People's Bank of China (PBOC) cut its seven-day reverse repo rate and
Read more »

Indonesia's May trade surplus to shrink to $3.02 billion - Reuters pollIndonesia's May trade surplus to shrink to $3.02 billion - Reuters pollJAKARTA : Economists surveyed in a Reuters poll expect Indonesia's May trade surplus to shrink from the previous month, following a decline in exports because of weakening commodity prices.The median expectation of the 19 economists was for the trade surplus in Southeast Asia's biggest economy to fall to
Read more »

Japan’s PM Kishida to unveil new childcare plan amid election rumoursJapan’s PM Kishida to unveil new childcare plan amid election rumoursHe is seeking to double child-care spending, as the birth rate drops to a record low of 1.26 in 2022 from 1.57 in 1990. Read more at straitstimes.com.
Read more »

Japan's Kishida to unveil new childcare plan amid election rumoursJapan's Kishida to unveil new childcare plan amid election rumoursTOKYO: Japanese Prime Minister Fumio Kishida is set to unveil on Tuesday (Jun 13) a package of measures aimed at reversing the dwindling birthrate, by increasing payouts to families with children. The announcement of his flagship policy comes amid market speculation that Kishida will dissolve parliament th
Read more »

Iwabuchi left out of Japan's Women's World Cup squadIwabuchi left out of Japan's Women's World Cup squadJapan's Mana Iwabuchi will not have the chance to appear at a fourth straight Women's World Cup after the veteran forward was a surprise omission from Futoshi Ikeda's 23-player squad for the 2023 tournament announced on Tuesday.Iwabuchi was part of the teams that won the World Cup in 2011 and finished run
Read more »

Japan lawmakers advance controversial LGBTQ billJapan lawmakers advance controversial LGBTQ billTOKYO — Japan's lower house on Tuesday (June 13) approved proposed legislation aimed at 'promoting understanding' of LGBTQ issues but campaigners criticised the bill for its watered-down language.
Read more »



Render Time: 2025-03-18 08:04:57